At the March 14 meeting of the Board of Directors, the Board was updated on the
Request for Expression of Interest for the Brookley property. The Request seeks
interested developer/investors to propose possible development opportunities for this
largest developable property on the western shore of Mobile Bay. The responses
will provide the Foundation with approaches for the stages of development of the
property taking into consideration the principles and objectives that have been
approved for the property. The Expression of Interest was mailed to developers
in mid-March, and the responses are due on May 22, 2013. A Board advisory
committee was appointed to work through the evaluation process. The members are
Mr. Lowell Bonds, Chair, Ms. Verla Ledlow Wilters, Mr. Tommy Zoghby, and Dr.
The development of Brookley is guided by the objectives and principles adopted by
the Board of Directors:
- Generating a return on the Foundation’s investment;
- Developing the property in ways that will reflect positively on the USA
Foundation and the University of South Alabama;
- Contributing to the economic development of the region;
- Minimizing the Foundation’s future capital outlay;
- Capitalizing on the unique qualities and assets of the Brookley site; and
- Preserving and continuing the positive relationships that the Foundation
enjoys with the local stakeholders, including the University of South
Alabama, the City of Mobile, the Mobile Airport Authority, the Chamber
of Commerce and others.
- Creating a unique product in the marketplace that has regional appeal;
- Preserving and capitalizing on the property’s environmental aspects;
- Developing the property in ways that will allow for a variety of building
types and thus maximize market penetration;
- Creating an efficient and flexible development framework; and
- Creating a sense of place on the site to be environmentally appealing.
For more information please see “Brookley Update” and
||Dr. Joan M. Sinnott, a philanthropist and retired USA Faculty member, was elected
as a Director of the USA Foundation Board. Dr. Sinnott and her brother contributed
a significant gift in 1998 to establish the first Chair of Comparative Psychology at
the University of South Alabama. The gift was provided to the USA Foundation
and matched by the Foundation. Dr. Sinnott served 23 years as a faculty member at
the University of South Alabama, has recently retired, and continues her interest and
involvement in University activities.
||Current members of the Board of Directors, Dr. A. Jeanne Sylvestre and Mr. Greg Luce were elected as Treasurer and as a member of the Investment and Audit Committee, respectively.
The Board of Directors recognized the service of Mr. Steve Tondera, who served
on the Board of the Foundation from 1993 until his death in February, 2013. Mr.
Tondera was serving as Chair of the Investment and Audit Committee and as
Treasurer, at the time of his death. The Board adopted a resolution noting his many
years of service. (Please see Resolution- Mr. Steve Tondera link.)
||More than $2,255,000 has been contributed to the University of South Alabama for
the six-month period ended December 31, 2012. The net assets of the Foundation at
December 31, 2012, were $283,637,000.
||Dr. John Smith was welcomed as a new Board member. He serves as acting
President of the University of South Alabama. Dr. Smith presented highlights
of the University and its 50th anniversary celebration culminating with the gala
event on May 3, 2013. He requested Dr. David Johnson, Senior Vice President
for Academic Affairs, to report on the reaffirmation visit for accreditation by the
Southern Association of Colleges and Schools and Dr. Ron Franks, Vice President
for Health Affairs, to report on the recently announced partnership and collaboration
between the USA Mitchell Cancer Institute and the Cancer Institute at the University
of Alabama in Birmingham.
||Dr. Mike Doran, Director of the USA Honors Program, provided a review of
the stellar progress of the student scholar program of 158 students, highlighting
34 seniors completing their thesis work. He reported on the significant research
activities of these students, as well as their active participation in campus life
and community service. Ms. Kristen Blosser, a senior majoring in Spanish and
International Studies, and Mr. Bobby Faulk, a sophomore majoring in Psychology,
described their current research and their experiences as Honors students. The
Foundation provides $750,000 annually in support of the program, and since its
inception in 1998, has provided more than $9 Million.
||The Foundation Board approved the IRS Tax Form 990 and 990-T and related State
tax returns, which are informational in nature and set forth the ways in which the
Foundation carries out its mission of supporting the University of South Alabama.